Virginia Research Investment Committee

Virginia is a national leader in entrepreneurial energy, with strong levels of venture capital investment and fast-growth companies that are bringing research and innovation to the market.

The Virginia Research Investment Committee (“VRIC”) and the Virginia Research Investment Fund were established by the General Assembly in 2016 as a part of the GO Virginia Initiative.

To position the Commonwealth as a national leader in science-based and technology-based research, VRIC makes investments in innovative and collaborative research, development, and commercialization projects and programs from Virginia’s public colleges and universities that have a high potential for economic development and job creation opportunities.

Virginia leads the nation in its concentration of advanced industries. These industries create jobs, innovate, and deploy advanced research and technologies to compete in the market.

Virginia has an extensive base of existing research activity and investment.

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About GO Virginia

GO Virginia is an initiative by Virginia’s senior business leaders to foster private-sector growth and job creation through state incentives for regional collaboration by business, education, and government.